27
Major Economic Indicators: Monthly Update Volume 01/2017 January 2017 Monetary Policy Department BANGLADESH BANK
Major Economic Indicators: Monthly Update
Volume 01/2017 January 2017
Monetary Policy Department
BANGLADESH BANK
0
Contents Page No.
Executive summary 1-2
1. Monetary and credit developments 3
2. Reserve money developments 4
3. CPI and inflation 5
4. Liquidity position of the scheduled banks 6
5. Financial sector prices
a) Interest rate development 7
b) Interest rate spread 8
6. Capital market developments 9
7. Agricultural credit and non-farm rural credit 10
8. a) Industrial term loans 11
b) Outstanding position of SME loans 11
9. Industrial production 12
10. Exports
a) Annual exports 13
b) Monthly exports 13
c) Category-wise breakdown of exports 14
11. Imports
a) Custom based import, import LCs settlement and LCs opening 15
b) Sector-wise fresh opening, settlement and outstanding LCs 16
c) Projected data on opening of import LCs & probable liabilities against BTB LCs 16
12. Workers’ remittances 17
13. Foreign exchange holdings by Bangladesh Bank and commercial banks 17
14. Foreign aid 18
15. Exchange rate movements 19
16. Balance of payments 20
17. Public finance
a) Government tax revenue collections 21
b) Sale and repayment of National Savings Certificates (NSC) 22
c) Budget financing 23
18. Food situations 23
Appendix 24 -25
1
Executive Summary
Both broad money(M2) and private sector credit growth slowed down a bit in November 2016
1. Movement of monetary indicators
Broad money (M2) grew by 13.76 percent (y-o-y) in November 2016 which was
marginally lower than 13.77 percent in the preceding month and also lower than 13.81
percent as compared to the same month of the previous year. Net foreign assets and net
domestic assets registered 19.10 percent and 11.98 percent growth respectively in
November 2016. Private sector credit recorded 15.01 percent growth in November 2016
which was lower than 15.20 percent of October 2016 but higher than 13.72 percent in
the same month of the previous year.
Both 12-month average inflation and point to point inflation eased in December 2016
Interest rate spread narrowed in November 2016
Export growth slowed down during the first half of FY17
Import growth increased during the first five months of FY17
2. Inflation scenario
The twelve-month average inflation pulled down to 5.51 percent in December 2016
from 5.60 percent in November 2016 mainly due to decrease in non food inflation. The
point-to-point general inflation moderated to 5.03 percent in December 2016 from
5.38 percent in November 2016.
3. State of the financial sector
The spread between the weighted average interest rates on advances and deposits of all
banks stood at 4.65 percent in November 2016 from 4.70 percent of the previous month.
The weighted average call money rate in the inter-bank money market fell to 3.55
percent up to 30 January 2017, as compared to 3.62 percent in December 2016.
4. External sector performance
Bangladesh earned USD 16.80 billion export proceeds during July-December, 2016
which was 4.44 percent higher than USD 16.08 billion during the same period of the
previous fiscal year, according to EPB data.
Custom based import during July-November, 2016 increased by 9.50 percent and
stood at USD 18.62 billion compared to USD 17.00 billion during the same period of
the previous fiscal year.
Fresh opening of import LCs during July-November, 2016 increased by 6.95 percent
and stood at USD 18.69 billion as compared to July-November, 2015. From the sectoral
distribution of LCs opening during the mentioned period, it is revealed that LCs opening
for the industrial raw materials is the highest at 35.29 percent of total LCs opening
followed by consumer goods of 13.15 percent.
2
Bangladesh has experienced negative growth in receiving workers’ remittances from the beginning of the FY17
Current account balance has been continuing on deficit from the third month of FY17
Both the total and net reciept of foreign aid decreased marginally during the first half of FY17.
Forex reserves stood around USD 32 billion as on January 30, 2017
Tax revenue collection picked up remarkably during the first four months of FY17.
Agricultural credit,
the general index
of industrial
production, SME
loans and
industrial term
loans have
increased during
the period under
review.
External sector performance (contd.)
Receipts of workers’ remittance in December 2016 increased by 0.77 percent and
stood at USD 0.96 billion as compared to November 2016. It also decreased by
26.96 percent than that of the same month of the previous year. Total receipts of
workers’ remittances decreased by 17.64 percent during July-December, 2016 and
stood at USD 6.17 billion as compared to the same period of the previous fiscal year.
Current account balance recorded a deficit of USD 0.73 billion during July-November,
2016 due mainly to a significant trade deficit and lower income from services, primary
income accounts and secondary income accounts compared to July-November, 2015.
The total foreign aid disbursements during July-December, 2016 decreased by USD
0.21 billion or 13.94 percent and stood at USD 1.32 billion. Net receipt of foreign aid
also decreased by USD 0.21 billion and stood at USD 0.88 billion during
July-December, 2016 as compared to the same period of the previous fiscal year.
The gross foreign exchange reserves of BB stood at USD 32.10 billion (with ACU
liability of USD 0.98 billion) as of end December 2016, as compared to USD 31.37
billion (with ACU liability of USD 0.49 billion) as of end November 2016. As per latest
available data, the gross foreign exchange reserves stood at USD 31.72 billion
(with ACU liability of USD 0.54 billion) as of 30 January 2017.
5. Developments in the fiscal sector NBR Tax Revenue collection stood at Taka 49874.68 crore during July-October, 2016
which was 17.77 percent higher than the collection of Taka 42350.67 crore of July-
October, 2015.
6. Credit disbursement and industrial production
The disbursement of agricultural credit and non-farm rural credit increased by 12.55
percent and 22.95 percent respectively during July-December 2016 as compared to
July-December 2015.
Outstanding SME loans provided by banks and non-bank financial institutions at the
end of September 2016 increased by 16.14 percent compared to the same period of the
previous year.
Disbursement of industrial term loans during the first quarter of FY17 increased by
2.72 percent and stood at Taka 13044.95 crore and recovery increased by 12.20 percent
as compared to the corresponding period of the previous fiscal year.
The general index of industrial production (medium & large scale manufacturing)
stood at 268.46 during July-September 2016 recorded an increase of 7.28 percent from
the index of 250.24 during July-September 2015.
The information furnished in this executive summary and the subsequent pages are provisional and subject to revision.
3
1. Monetary and credit developments
Broad money
The broad money recorded an increase of Taka 113539.40
crore or 13.76 percent at the end of November 2016 against
the increase of Taka 100116.80 crore or 13.81 percent at the
end of November 2015. Of the sources of broad money, net
domestic assets (NDA) rose by Taka 74237.20 crore or 11.98
percent and net foreign assets (NFA) rose by Taka 39302.20
crore or 19.10 percent at the end of November 2016 as
compared to the same month of the previous year.
Domestic credit
The domestic credit recorded an increase of Taka 88672.20
crore or 12.14 percent at the end of November 2016 against
the increase of Taka 68236.80 crore or 10.31 percent at the
end of November 2015. Credit to the private sector recorded
a growth of 15.01 percent and credit to the public sector
decreased by 1.55 percent in November 2016 as compared to
the same month of the previous year.
13.8113.77
13.76
12.0
13.0
14.0
15.0
16.0
17.0
Jul.
Au
g.
Sep
.
Oct
.
No
v.
Dec
.
Jan
.
Feb
.
Mar
.
Ap
r.
May
Jun
.
Per
cen
tage
Trends of broad money growth
(year-on-year)
2015-16 2016-17
Outstanding stock
Particulars June 2015 June 2016R
November 2016P
FY 2016R July-November,
2016
November 2016
over
November 2015
July-November,
2015
November 2015
over
November 2014
1 2 3 4 5 6 7 8 9
189228.80 233135.60 245055.90 43906.80 11920.30 39302.20 16524.90 42031.60
(+23.20) (+5.11) (+19.10) (+8.73) (+25.67)
598385.30 683242.30 693665.50 84857.00 10423.20 74237.20 21043.00 58085.20
(+14.18) (+1.53) (+11.98) (+3.52) (+10.35)
a) Domestic credit 701526.50 801280.00 818948.10 99753.50 17668.10 88672.20 28749.40 68236.80
(+14.22) (+2.20) (+12.14) (+4.10) (+10.31)
Public sector 126927.10 130270.70 124390.00 3343.60 -5880.70 -1963.20 -573.90 -4634.80
(+2.63) (-4.51) (-1.55) (-0.45) (-3.54)
Government (net) 110257.30 114219.60 108644.50 3962.30 -5575.10 -1465.50 -147.30 -4580.20
(+3.59) (-4.88) (-1.33) (-0.13) (-3.99)
Other Public 16669.80 16051.10 15745.50 -618.70 -305.60 -497.70 -426.60 -54.60
(-3.71) (-1.90) (-3.06) (-2.56) (-0.34)
Private sector 574599.40 671009.30 694558.10 96409.90 23548.80 90635.40 29323.30 72871.60
(+16.78) (+3.51) (+15.01) (+5.10) (+13.72)
b) Other items (net) -103141.20 -118037.70 -125282.60 -14896.50 -7244.90 -14435.00 -7706.40 -10151.60
C. Broad money (A+B) 787614.10 916377.90 938721.40 128763.80 22343.50 113539.40 37567.90 100116.80
(+16.35) (+2.44) (+13.76) (+4.77) (+13.81)
i) Currency outside banks 87940.80 122074.50 111242.00 34133.70 -10832.50 19687.30 3613.90 10645.80
(+38.81) (-8.87) (+21.50) (+4.11) (+13.16)
ii) Deposits 699673.30 794303.40 827479.40 94630.10 33176.00 93852.10 33954.00 89471.00
(+13.52) (+4.18) (+12.79) (+4.85) (+13.89)
a) Demand deposits 72873.40 90356.20 86209.40 17482.80 -4146.80 14565.10 -1229.10 10124.60
(+23.99) (-4.59) (+20.33) (-1.69) (+16.46)
b) Time deposits 626799.90 703947.20 741270.00 77147.30 37322.80 79287.00 35183.10 79346.40
(+12.31) (+5.30) (+11.98) (+5.61) (+13.62)
(Taka in Crore)
Changes in outstanding stock
A. Net Foreign Assets of
banking system
B. Net Domestic Assets of
banking system
Source: Statistics Department.
Note:- Figures in brackets of column#5,6 and 8 indicate percentage changes over end June of the corresponding previous fiscal year. P=provisional, R= Revised.
12.03 12.14
10.31
9.0
10.0
11.0
12.0
13.0
14.0
Jul.
Au
g.
Sep
.
Oct
.
No
v.
Dec
.
Jan
.
Feb
.
Mar
.
Ap
r.
May
Jun
.
Per
cen
tage
Trends of domestic credit growth
(year-on-year)
2015-16 2016-17
4
2. Reserve money developments
Reserve Money
Reserve money recorded an increase of Taka 29273.30
crore or 18.57 percent in November 2016 which is lower
than the increase of Taka 19832.10 crore or 14.39
percent growth in November 2015. Of the sources of
reserve money, Bangladesh Bank’s net foreign assets
increased by Taka 40238.40 crore or 20.82 percent and
net domestic assets decreased by Taka 10965.10 crore or
30.80 percent in November 2016 against that of
November 2015.
Reserve money multiplier stood at 5.02 in November
2016 as compared to 4.74 of June 2016.
14.39
13.81
18.57
5.0
10.0
15.0
20.0
25.0
30.0
35.0
Jul.
Aug.
Sep
.
Oct
.
No
v.
Dec
.
Jan.
Feb
.
Mar
.
Ap
r.
May
Jun.
Per
centa
ge
Trends of reserve money growth
(year-on-year)
2015-16 2016-17
Particulars June 2015 June, 2016R
November, 2016P
FY 2016R
July-November,
2016
November 2016
over
November 2015
July-November,
2015
November 2015
over
November 2014
1 2 3 4 5 6 7 8 9
Net Foreign Assets of 177401.30 218904.10 233489.30 41502.80 14585.20 40238.40 15849.60 39497.30
Bangladesh Bank (+23.39) (+6.66) (+20.82) (+8.93) (+25.69)
Net Domestic Assets of -28918.80 -25702.80 -46565.50 3216.00 -20862.70 -10965.10 -6681.60 -19665.20
Bangladesh Bank (+11.12) (-81.17) (-30.80) (-23.10) (-123.41)
Claims on Govt.(net) 810.50 13373.70 3205.60 12563.20 -10168.10 7502.10 -5107.00 562.10
(+1550.06) (-76.03) (-174.61) #REF! (-11.57) Claims on other public 2160.80 2015.50 1994.00 -145.30 -21.50 -122.20 -44.60 -36.10
(-6.72) (-1.07) (-5.77) (-2.06) (-1.68)
Claims on DMBs 5659.20 6024.40 4923.40 365.20 -1101.00 -1178.60 442.80 -634.00
(+6.45) (-18.28) (-19.31) (+7.82) (-9.41)
Other items (net) -37549.30 -47116.40 -56688.50 -9567.10 -9572.10 -17166.40 -1972.80 -19557.20
Reserve money 148482.50 193201.30 186923.80 44718.80 -6277.50 29273.30 9168.00 19832.10
(+30.12) (-3.25) (+18.57) (+6.17) (+14.39)
Currency Issued 98153.90 132305.20 121458.50 34151.30 -10846.70 20742.20 2562.40 10931.60
(+34.79) (-8.20) (+20.59) (+2.61) (+12.18)
i) Currency outside banks 87940.80 122074.50 111242.00 34133.70 -10832.50 19687.30 3613.90 10645.80
(+38.81) (-8.87) (+21.50) (+4.11) (+13.16)
ii) Cash in tills 10213.10 10230.70 10216.50 17.60 -14.20 1054.90 -1051.50 285.80
(+0.17) (-0.14) (+11.51) (-10.30) (+3.22)
Deposits held with BB 50328.60 60896.10 65465.30 10567.50 4569.20 8531.10 6605.60 8900.50
(+21.00) (+7.50) (+14.98) (+13.12) (+18.53)
Of which: Excess reserves 2323.89 5986.55 6976.37 3662.66 989.82 1180.99 3471.49 2502.78
Reserve money multiplier 5.30 4.74 5.02 -0.56 0.28 -0.21 -0.07 -0.03
Note:- Figures in brackets of column#5,6 and 8 indicate percentage changes over end June of the corresponding previous fiscal year. P=provisional, R= Revised.
Source: Statistics Department.
(Taka in crore)
Changes in outstanding stockOutstanding stock
5
3. CPI and Inflation
The twelve month average general inflation pulled down to
5.51 percent in December 2016, continuing on the trend
that goes below the lowest in the last 10 years. The average
food inflation remained the same as November 2016 at
4.51 percent and the average non food inflation decreased
to 7.05 percent in December 2016 from 7.27 percent in
November 2016.
The point to point general inflation moderated to 5.03
percent in December 2016 from 5.38 percent in November
2016, resulting from fall in both food and non-food
inflation. Food inflation stood at 5.38 percent and non food
inflation cut down to 4.49 percent in December 2016 as
compared to 5.41 percent and 5.33 percent in November
2016 respectively.
Index Inflation Index Inflation Index Inflation Index Inflation Index Inflation Index Inflation
December 201.44 6.99 217.13 7.91 181.31 5.60 207.78 6.11 224.29 5.86 186.62 6.48
January 202.43 6.87 218.21 7.68 182.20 5.64 210.12 6.04 226.61 6.07 188.98 6.01
February 203.45 6.76 219.30 7.45 183.13 5.71 210.73 6.14 227.26 6.11 189.58 6.20
March 204.49 6.66 220.44 7.24 184.04 5.78 211.31 6.27 228.12 6.37 189.77 6.12
April 205.54 6.57 221.60 7.03 184.95 5.85 211.51 6.32 228.39 6.48 189.86 6.08
May 206.55 6.46 222.69 6.81 185.86 5.93 208.77 6.19 223.37 6.23 190.06 6.14
June 207.58 6.41 223.80 6.68 186.79 5.99 209.17 6.25 223.43 6.32 190.88 6.15
December 213.91 6.19 230.28 6.05 192.94 6.41 220.45 6.10 236.57 5.48 199.78 7.05
January 214.98 6.20 231.09 5.90 194.31 6.65 222.87 6.07 236.42 4.33 205.50 8.74
February 215.96 6.15 231.81 5.70 195.65 6.84 222.58 5.62 235.82 3.77 205.62 8.46
March 216.96 6.10 232.55 5.49 196.97 7.03 223.25 5.65 236.99 3.89 205.64 8.36
April 217.95 6.04 233.28 5.27 198.29 7.21 223.37 5.61 237.15 3.84 205.70 8.34
May 218.89 5.98 233.99 5.07 199.55 7.36 220.15 5.45 231.86 3.81 205.13 7.92
June 219.86 5.92 234.77 4.90 200.74 7.47 220.74 5.53 232.87 4.23 205.19 7.50
July 220.82 5.84 235.60 4.76 201.86 7.48 224.13 5.40 237.69 4.35 206.75 6.98
August 221.78 5.77 236.43 4.62 202.99 7.53 226.57 5.37 241.89 4.30 206.93 7.00
September 222.78 5.71 237.43 4.56 204.00 7.48 230.27 5.53 247.88 5.10 207.69 6.19
October 223.80 5.66 238.53 4.53 204.91 7.38 231.85 5.57 250.64 5.56 207.75 5.58
November 224.78 5.60 239.60 4.51 205.79 7.27 231.18 5.38 249.41 5.41 207.81 5.33
December 225.71 5.51 240.66 4.51 206.54 7.05 231.53 5.03 249.29 5.38 208.76 4.49
Source: Bangladesh Bureau of Statistics, Ministry of Planning.
2015-16
2016-17
Point to Point BasisTwelve-Month Average Basis
Non-foodFoodNon-food GeneralGeneral Food
2014-15
Consumer Price Index(CPI) and Rate of Inflation at National Level (Base : FY2005-06=100)
4.9
5.0
5.2
5.3
5.5
5.6
5.8
5.9
6.1
6.2
6.4
Dec.1
5
Jan
.16
Feb
.16
Ma
r.1
6
Ap
r.1
6
Ma
y.1
6
Jun
.16
Jul.1
6
Au
g.1
6
Sep
.16
Oct.
16
No
v.1
6
Dec.1
6
Per
centa
ge
CPI(Base:FY2005-06=100) Inflation
12 month average Point to point
6
4. Liquidity position of the scheduled banks
Total liquid assets of the scheduled banks stood at Taka 277956.29 crore as of end November 2016 which was Taka
262226.74 crore at the end of June 2016. The minimum required liquid assets of the scheduled banks was Taka
154040.44 crore as of end November 2016.
Scheduled banks’ holding of liquid assets as of end November 2016 in the form of cash in tills & balances with Sonali
Bank Ltd., CRR, excess reserves, FC clearing account balances with Bangladesh Bank and un-encumbered approved
securities are 3.89 percent, 20.50 percent, 2.89 percent, 2.26 percent, and 70.47 percent respectively of total liquid
assets.
Cash in
tills+balances with
SB,
3.89%
CRR,
20.50%
Excess Reserve
(Uninvested Cash),
2.89%
Balances with BB
(Foreign
Currency),
2.26%
Unencumbered
approved
securities,
70.47%
Sectoral distribution of total liquid assets
(as of end November 2016)
250
550
850
1150
1450
1750
2050
2350
2650
2950
3250
Sep
. 1
5
Oct.
15
No
v.1
5
Dec.1
5
Jan
.16
Feb
.16
Ma
r.1
6
Ap
r.1
6
Ma
y.1
6
Jun
.16
Jul.1
6
Au
g.1
6
Sep
.16
Oct.
16
No
v.1
6
bil
lio
n tak
a
Liquid assets & minimum required liquidity
Liquid assets
Minimum Required Liquid Assets2/
As of end
June, 2016As of end November 2016
P
Foreign
Currency
1 2 3 4b 5 6=(3+4a+4b+5) 7
CRR* Excess Reserve
(un-invested cash)
State owned Banks 108038.80 1605.57 15859.58 1692.96 197.18 93390.26 112745.55 47226.67
Private Banks
(Other than Islamic)1539.88 6725.21 25985.34 751.63 2768.84 75404.53 111635.55 77412.84
Islamic Banks 103584.56 1968.92 11053.27 4859.18 478.99 12196.47 30556.83 20406.04
Foreign Banks 29090.97 498.92 2496.77 717.89 2842.20 14877.98 21433.77 7411.38
Specialised Banks 19972.54 0.00 1583.51 0.00 1.07 0.00 1584.58 1583.51
Total 262226.74 10798.61 56978.48 8021.67 6288.29 195869.24 277956.29 154040.44
(+3.89) (+20.50) (+2.89) (+2.26) (+70.47)
Note :- Figures in brackets indicate sectoral share in the total liquid assets. P=provisional, R= Revised.
1/ Balances with Bangladesh Bank in local currency = CRR + Excess Reserve.
2/ Minimum required liquid assets is the sum of CRR and SLR.
4a
*CRR is calculated @ 6.5% of total demand and time liabilities.
(In crore Taka)
Bank Group Total
Liquid
Assets
Cash in tills +
balances with
Sonali Bank Ltd.
Balances with Unencumbered
approved
securities
Total
Liquid
Assets
Minimum
Required
Liquid Assets2/
Bangladesh Bank1/
Local Currency
Source : Department of Offsite Supervision.
7
5. Financial sector prices: a) Interest rate development
1/:
The weighted average yield up to 30 January, 2017 on 91-Day Treasury Bills marginally decreased to 2.97 percent and
182-Day and 364-Day Treasury Bills fell to 3.16 percent and 3.53 percent respectively as compared to that of
December 2016.
The weighted average yield on 2-Year BGTB decreased to 4.23 percent in January 2017 compared to that of November
2016. While, the weighted average yield on 10-Year BGTB in January 2016 increased to 6.65 percent from the yield of
December 2016. The weighted average yield on 5-Year, 15-Year and 20-Year BGTB decreased to 5.79 percent, 7.47
percent and 7.78 percent in January 2017 compared to that of December 2016.
The weighted average yield on 30-Day BB Bill up to 30 January, 2017 remained the same as that of December 2016.
The weighted average call money rate in the inter-bank money market fell to 3.55 percent up to 30 January, 2017 as
compared to 3.62 percent in December 2016.
2.3
2.8
3.3
3.8
4.3
4.8
5.3
5.8
6.3
6.8
7.3
Jan
.16
Feb
.16
Mar
.16
Ap
r.1
6
May
16
Jun
.16
Jul.
16
Au
g.1
6
Sep
.16
Oct
.16
No
v.1
6
Dec
.16
Jan
.17
W.a
ve.
yie
ld in
per
cen
t
Yield on Treasury Bills
91-Day 182-Day 364-Day
BB Bill
91-Day 182-Day 364-Day 2-Year 5-Year 10-Year 15-Year 20-Year 30-Day
2015-16
July 5.33 6.28 6.62 7.62 8.56 9.75 10.03 10.35 5.25 7.25 5.25 5.67
August 5.41 5.91 6.34 7.11 7.57 8.39 8.57 8.93 5.25 7.25 5.25 5.63
September 5.33 5.58 6.15 6.41 7.31 8.18 8.43 8.98 5.25 7.25 5.25 5.71
October 5.17 5.54 5.67 6.41 7.35 7.96 7.83 8.20 5.01R 7.25 5.25 5.63
November 2.95 3.74 4.06 4.19 5.08 6.55 8.09 8.47 4.03 7.25 5.25 3.85
December 2.94 3.32 4.11 4.86 5.04 7.23 7.87 8.97 3.38 7.25 5.25 3.69
January 2.81 4.10 4.36 5.81 6.44 7.38 7.44 7.64 2.90 6.75 4.75 3.90
February 2.69 ---- ---- 4.79 5.89 5.95 7.18 7.58 2.88 6.75 4.75 3.73
March 2.87 ---- 3.57 4.97 5.92 6.64 7.57 7.97 2.90 6.75 4.75 3.68
April 3.46 4.51 4.93 5.25 6.16 6.91 7.79 8.19 2.95 6.75 4.75 3.68
May 3.55 4.45 5.04 5.52 6.21 7.02 7.84 8.28 2.96 6.75 4.75 3.67
June 3.96 4.67 5.17 5.97 6.51 7.29 7.97 8.41 2.96 6.75 4.75 3.70
2016-17
July 4.72 5.31 5.88 6.50 7.05 7.46 7.97 8.44 2.93 6.75 4.75 3.68
August 3.48 ---- ---- 5.99 6.53 7.10 7.80 8.24 2.96 6.75 4.75 3.65
September 3.26 3.99 4.25 5.31 ---- ---- 7.69 8.17 2.96 6.75 4.75 3.64
October 3.12 3.35 4.00 5.19 6.00 6.89 7.53 7.99 2.97 6.75 4.75 3.52
November 2.99 ---- ---- 4.39 5.72 6.77 7.46 7.91 2.97 6.75 4.75 3.56
December 2.98 3.23 3.76 ---- 5.91 6.32 7.64 7.89 2.97 6.75 4.75 3.62
January@
2.97 3.16 3.53 4.23 5.79 6.65 7.47 7.78 2.97 6.75 4.75 3.55
Source: MPD, DMD Bangladesh Bank . 1/ Weighted average rate. ---- = there was no auction. @ = upto 30th
January, 2017.
Repo*
* The Repo and Reverse Repo rates are re-fixed at 6.75% and 4.75% respectively, with effect from 14.01.2016.
Treasury Bills BGTB Call
Money
Rate
Reverse
Repo*
3.0
3.8
4.5
5.3
6.0
6.8
7.5
Jan
.16
Feb
.16
Ma
r.1
6
Ap
r.1
6
Ma
y1
6
Jun
.16
Jul. 1
6
Au
g.1
6
Sep
.16
Oct.
16
No
v.1
6
Dec.1
6
Jan
.17
(Up
to
30
)W. av
era
ge r
ate
in
perc
ent
Repo, Reverse Repo & Call Money Rate
Repo* Reverse Repo* Call Money Rate
u
8
b) Interest rate spread:
The spread between the weighted average interest rate on advances and deposits of all banks narrowed further and
stood at 4.65 percent in November, 2016 from that of October, 2016. The sectors for which spread between the
weighted average interest rate on advances and deposits of all banks narrowed in November, 2016 compared to the
previous month are: Agricultural sector (4.05 percent), large industries sector (4.04 percent) and also all sectors
excluding SME (4.39 percent). The spread of all banks widened in November, 2016 only for the service sector
(4.74 percent) as compared to the previous month. The spread of SME sector in November, 2016 remains same as
previous month which is 5.57 percent. The spread of NBFIs narrowed to 3.82 percent in November, 2016 compared to
the previous month.
The weighted average interest rate on deposits decreased to 5.29 percent and 8.53 percent respectively for all banks and
NBFIs in November, 2016 as compared to October, 2016.
2.7
3.2
3.7
4.2
4.7
5.2
5.7
6.2
6.7
7.2
No
v.
15
Dec. 15
Jan
. 1
6
Feb
. 1
6
Mar.
16
Ap
r. 1
6
May.
16
Jun
. 1
6
Jul.
16
Au
g 1
6
Sep
. 1
6
Oct.
16
No
v.
16
W. A
ve. ra
te in
perc
ent
Sector-wise breakdown of interest rate spread
SME Agriculture Large Industries Services
Interest rate
on deposits
Interest
rate on
advances
Spread
Interest
rate on
advances
Spread
Interest
rate on
advances
Spread
Interest
rate on
advances
Spread
Interest
rate on
advances
Spread
Interest
rate on
advances
Spread
Interest
rate on
deposits
Interest
rate on
advances
Spread
2015-16
July 6.78 11.57 4.79 12.67 5.89 11.27 4.49 9.81 3.03 11.37 4.59 11.97 5.19 10.54 14.70 4.16
August 6.74 11.51 4.77 12.58 5.84 11.22 4.48 9.73 2.99 11.31 4.57 11.96 5.22 10.41 14.52 4.11
September 6.66 11.48 4.82 12.49 5.83 11.20 4.54 9.77 3.11 11.11 4.45 11.36 4.70 10.34 14.45 4.11
October 6.58 11.35 4.77 12.45 5.87 11.04 4.46 9.71 3.13 10.94 4.36 11.50 4.92 10.16 14.32 4.16
November 6.46 11.27 4.81 12.23 5.77 10.98 4.52 9.66 3.20 10.91 4.45 11.44 4.98 10.02 14.16 4.14
December 6.34 11.18 4.84 12.33 5.99 10.86 4.52 9.63 3.29 10.78 4.44 11.10 4.76 9.87 14.03 4.16
January 6.21 11.05 4.84 12.36 6.15 10.49 4.28 9.56 3.35 10.55 4.34 11.04 4.83 9.72 13.90 4.18
February 6.10 10.91 4.81 12.02 5.92 10.39 4.29 9.58 3.48 10.41 4.31 10.92 4.82 9.55 13.72 4.17
March 5.92 10.78 4.86 11.74 5.82 10.51 4.59 9.59 3.67 10.19 4.27 10.80 4.88 9.34 13.51 4.17
April 5.77 10.64 4.87 11.64 5.87 10.36 4.59 9.54 3.77 10.24 4.47 10.80 5.03 9.16 13.27 4.11
May 5.67 10.57 4.90 11.57 5.90 10.29 4.62 9.49 3.82 9.88 4.21 10.52 4.85 9.01 13.16 4.15
June 5.54 10.39 4.85 11.48 5.94 10.08 4.54 9.50 3.96 9.80 4.26 10.39 4.85 8.95 13.07 4.12
2016-17
July 5.48 10.32 4.84 11.35 5.87 10.03 4.55 9.43 3.95 9.77 4.29 10.32 4.84 8.90 12.89 3.99
August 5.44 10.24 4.80 11.21 5.77 9.97 4.53 9.61 4.17 9.75 4.31 10.29 4.85 8.84 12.80 3.96
September 5.39 10.11 4.72 11.04 5.65 9.90 4.51 9.70 4.31 9.62 4.23 10.07 4.68 8.71 12.68 3.97
October 5.33 10.03 4.70 10.90 5.57 9.79 4.46 9.57 4.24 9.46 4.13 10.02 4.69 8.61 12.73 4.12
November 5.29 9.94 4.65 10.86 5.57 9.68 4.39 9.34 4.05 9.33 4.04 10.03 4.74 8.53 12.35 3.82
Source: Statistics Department, Bangladesh Bank .
Non-Bank FIs'All sectors
(excluding SME )Agriculture Large Industries ServicesSME
Sector-wise break down of Interest Rate Spread in the banks
All Banks
3.6
3.8
4.0
4.2
4.4
4.6
4.8
5.0
5.2
No
v. 1
5
Dec
. 15
Jan
. 16
Feb
. 16
Mar
. 1
6
Ap
r. 1
6
May
. 16
Jun
. 1
6
Jul.
16
Au
g 1
6
Sep
. 16
Oct
. 1
6
No
v. 1
6
W. A
ve.
rate
in p
ercen
t
Group wise breakdown of spread
All sectors (excluding SME) NBFIs Banks
9
6. Capital market developments:
The DSE Broad Index (DSEX) at the end of
Decmber 2016 stood significantly higher at 5036.05
compared to the index of end November 2016. The
total market capitalization of all shares and
debentures of the listed securities at the end of
December 2016 also stood higher at Taka 341244.10
crore from Taka 332881.40 crore at the end of
November 2016.
General Index /
Calender Issued Capital Market Turnover during DSE
Year and Debentures Capitalisation the Year Broad Index
2010 445 66436.00 347250.20 400991.28 8290.41
2011 501 87890.50 261673.00 156055.63 5257.61
2012 515 94987.60 240356.00 100108.49 4219.31
2013 529 99978.50 264779.00 95269.21 4266.55
2014 546 105492.60 325925.00 118852.15 4864.96
2015 559 110608.10 315976.00 103139.86 4629.64
DSE
End MonthIssued capital Market Turnover during
Broad Index
and debentures capitalisation the month (DSEX)
January,16 562 110860.70 315307.00 11349.63 4540.89
February,16 562 110982.70 314350.00 8642.15 4511.97
March,16 560 111163.60 303642.00 7997.27 4357.54
April,16 558 111557.40 299985.00 7504.74 4195.70
May,16 558 112116.00 310875.00 8142.22 4419.39
June,16 559 112741.00 318574.93 8138.30 4507.58
July,16 559 113000.40 320736.90 6573.62 4525.35
August,16 558 113039.20 319256.00 9629.30 4526.58
September,16 559 113138.80 328190.90 8689.38 4695.19
October,16 559 113449.00 323633.80 10560.50 4592.18
November,16 559 113900.40 332881.40 14149.83 4801.24
December,16 560 114530.00 341244.10 17780.21 5036.05
Source : Dhaka Stock Exchange
Annual capital market developments (DSE)
Monthly capital market developments (DSE)
Enlisted issues
(Incl. Mutual
Funds/Deb.)
(Taka in crore )
Enlisted issues
(Incl. Mutual
Funds/Deb.)
(Taka in crore)
3000
3250
3500
3750
4000
4250
4500
4750
5000
5250
2000
2200
2400
2600
2800
3000
3200
3400
3600
Oct.
15
No
v.1
5
Dec.1
5
Jan
.16
Feb
.16
Ma
r.1
6
Ap
r.1
6
Ma
y.1
6
Jun
.16
Jul.1
6
Au
g.1
6
Sep
.16
Oct.
16
No
v.1
6
Dec.1
6
Trends in market capitalisation and indices of DSE
Capitalisation in billion taka (LHS)
DSEX (RHS)
10
7. Agricultural credit and non-farm rural credit
The disbursement of agricultural credit and non-farm rural
credit increased by 12.55 percent and 22.95 percent
respectively during July-December 2016 compared to that of
July-December 2015. The banks disbursed a total of Taka
99.33 billion to both the sectors. The recovery from the
agriculture sector and non-farm rural credit increased by 7.42
percent and 0.57 percent respectively during July-December
2016 compared to the same period of the preceding year.
The position of overdue agricultural credit as percentage of total outstanding improved decreasing from 19.09 percent
at the end of December 2015 to 17.91 percent at the end of December 2016.
(Taka in crore)
Overdue as % Overdue as %
of outstanding of outstanding
6430.50 35904.68 17.91 6210.41 32536.81 19.09
(+3.54) (+10.35) (-19.21) (+9.08)
Source: Agricultural Credit Department.
End Month
2016-17P
2015-16R
Overdue Outstanding Overdue Outstanding
December
Overdue and outstanding credit in agricultural secor
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year. P = Provisional, R= Revised.
30
50
70
90
110
130
150
170
190
210
230
250
270
Jul.
Au
g.
Sep
.
Oct
.
No
v.
Dec
.
Jan
.
Feb
.
Ma
r.
Ap
r.
Ma
y
Jun
.
In c
rore
ta
ka
Non-farm rural credit disbursement
2015-16 2016-17
a. Agricultural credit (Taka in crore)
Disbursement Recovery Disbursement Recovery
July 945.31 893.78 770.17 711.63
August 933.15 1083.93 850.00 886.91
September 1238.48 1228.38 1242.68 1205.65
October 1644.19 1475.02 1261.23 1242.04
November 2133.42 1718.80 780.97 835.62
December 2114.37 1787.99 3099.32 2740.63
9008.92 8187.91 8004.37 7622.48
(+12.55) (+7.42) (+23.80) (+6.73)
b. Non-farm rural credit (Taka in crore)
Disbursement Recovery Disbursement Recovery
July 110.69 51.87 86.74 78.70
August 73.48 105.92 107.43 112.53
September 142.74 178.51 147.22 122.25
October 184.67 109.42 165.82 137.92
November 164.94 123.79 122.72 163.41
December 247.61 233.90 121.69 184.06
924.13 803.40 751.62 798.87
(+22.95) (+0.57) (+23.58) (+8.08)
Month2016-17
P2015-16
R
July-December
Month2016-17
P2015-16
R
July-December
Programmed level for disbursement of agricultural credit and non-farm
rural credit was Tk.17550.00 crore for FY17.
300
600
900
1200
1500
1800
2100
2400
2700
3000
3300
3600
Jul.
Au
g.
Sep
.
Oct
.
No
v.
Dec
.
Jan
.
Feb
.
Ma
r.
Ap
r.
Ma
y
Jun
.
In c
rore
tak
a
Agricultural credit disbursement
2015-16 2016-17
11
8.a) Industrial term loans
The disbursement of total
industrial term loans during July-
September, 2016 increased by
2.72 percent and stood at Taka
13044.95 crore as compared to
Taka 12699.68 crore during
July-September, 2015. On the
other hand, the recovery of
industrial term loans increased by
12.20 percent and stood at Taka
12423.03 crore during July-
September, 2016 against Taka
11072.36 crore during the same
period of the previous fiscal year.
Outstanding amount of industrial term loans at the end of September, 2016 stood at Taka 147715.75 crore which is 19.62
percent higher than the outstanding amount of September, 2015.
b) Outstanding position of SME loans
The total SME loans by banks and non-bank
financial institutions increased by Taka 22328.65
crore or 16.14 percent and stood at Taka
160659.39 crore at the end of September, 2016
as compared to Taka 138330.74 crore at the end
of September, 2015. The increase of different
category -wise institution of SME loans at the
end of September, 2016 are 21.07 percent in
state-owned banks, 14.65 percent in private
banks, 6.02 percent in foreign banks, 13.23
percent in specialized banks and 27.51 percent in
non-bank financial institutions as compared to
that of September, 2015.
SME loans as percentage of total loans stood at
23.53 percent at the end of September, 2016 as
compared to 22.74 percent of September, 2015.
The revised target for disbursement
of SME loans during January-
December, 2016 is Taka 113503.43
crore.
The percentage share of SME loans from
different categories of financial institutions
to total SME loan as of end September,
2016 is shown in a pie chart.
(Tk. in crore)
Types of State Owned Private Foreign Specialised Non-Bank
Loans Banks Banks Banks Banks Fin. Ins.
Total Loans 112465.72 408056.18 23943.04 21111.88 42613.19 608190.01
SME Loans 24518.29 105881.68 1911.97 846.25 5172.55 138330.74
(21.80) (25.95) (7.99) (4.01) (12.14) (22.74)
Total Loans 110629.20 428209.81 24398.99 21377.47 44847.83 629463.30
SME Loans 29048.70 111428.54 1887.37 974.84 5452.61 148792.06
(26.26) (26.02) (7.74) (4.56) (12.16) (23.64)
Total Loans 112456.56 440554.99 24259.19 21377.47 46806.86 645455.07
SME Loans 28831.04 114851.15 1863.33 969.93 5680.29 152195.74
(25.64) (26.07) (7.68) (4.54) (12.14) (23.58)
Total Loans 116836.68 465050.21 25881.09 22251.27 49309.20 679328.45
SME Loans 29540.90 120890.72 1971.17 1699.58 6391.11 160493.49
(25.28) (26.00) (7.62) (7.64) (12.96) (23.63)
Total Loans 119061.10 469024.57 25649.95 22251.27 46914.05 682900.94
SME Loans 29685.20 121393.48 2027.01 958.23 6595.47 160659.39
(24.93) (25.88) (7.90) (4.31) (14.06) (23.53)
21.07 14.65 6.02 13.23 27.51 16.14
Note:- Figures in brackets indicate SME loans as percentage of total loans.
June, 2016
September, 2016
% changes of SME loans at the end of
September, 2016 over September, 2015
Source: SME & Special Programmes Department,
Banks/NBFIsTotal
Quarter Ending
September, 2015
December, 2015
March, 2016
State Owned Banks,
18.48%
Private Banks,
75.56%
Foreign Banks,
1.26%
Specialised Banks,
0.60%
Non-Bank Financial
Institutions,
4.11%
Institution-wise sharing of SME loans
(September, 2016)
(Tk. in crore)
Disbursement
LSI MSI SSCI Total LSI MSI SSCI Total
FY 2013-14 29046.19 9585.93 3679.20 42311.32 28999.63 9423.48 3383.58 41806.69
FY 2014-15 45468.67 9689.37 4625.66 59783.70 32801.39 9897.35 4842.07 47540.81
9492.55 2112.21 1094.92 12699.68 7905.36 2012.77 1154.23 11072.36
13575.32 2237.30 2006.15 17818.78 8203.00 1949.37 1793.16 11945.52
14263.71 2506.26 1494.63 18264.60 9021.12 2029.25 1386.38 12436.75
11921.17 2493.47 2341.00 16755.64 9087.54 2718.03 965.07 12770.65
9929.23 1977.24 1138.48 13044.95 8757.30 2393.42 1272.31 12423.03
Overdue
LSI MSI SSCI Total LSI MSI SSCI Total
9912.70 4801.99 1061.89 15776.58 93889.70 21896.97 7697.09 123483.76
(+10.56) (+21.93) (+13.80) (+12.78) #REF!
13840.23 5779.51 1373.76 20993.50 113120.59 25908.88 8686.27 147715.75
(+12.23) (+22.31) (+15.82) (+14.21) #REF!
Source: SME & Special Programmes Department.
October-December
January-March
OutstandingEnd Period
September, 2016
September, 2015
Qu
art
erl
y
Note:- Figures in brackets indicate overdue as % of outstanding. LSI=Large Scale Industries, MSI=Medium Scale Industries, SSCI= Small Scale & Cottage Industries.
Yearl
y
July-September
FY2015-16
PeriodRecovery
April-June
FY2016-17
July-September
12
9. Industrial production
The general index of industrial production (medium & large
scale manufacturing) stood higher at 268.46 during July-
September 2016 and recorded an increase of 7.28 percent over
that of July-September 2015.
The indices those recorded increases during July-September
2016, compared to July-September 2015 are: leather and related
products (29.33%), non-metalic mineral products (29.06%),
pharmaceuticals & medicinal chemical (18.52%), fabricated
metal products except machinery (17.20%), chemicals and
chemical products (16.25%), textile (10.28%), wearing apparel
(4.39%) and tobacco products (1.98%). On the other hand, the
indices those recorded declining trends during July-September
2016, compared to July-September 2015 are basic metals
(8.14%) and food products (6.59%).
The general index of small scale manufacturing
industry during the first quarter
(July-September, 2016) of FY17 increased by 0.38
percent and stood at 478.84 from the index of
477.04 during the fourth quarter (April-June, 2016)
of FY16, it also increased by 9.84 percent as
compared to the same quarter of FY16.
41
5.7
7
43
1.2
1
43
5.9
5
46
5.8
6
47
7.0
4
47
8.8
4
300
340
380
420
460
500
540
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
FY12 FY13 FY14 FY15 FY16 FY17
Ind
ices
Quantum index of small scale manufacturing industries (Base:1995-96=100)
258.35
238.7
306.54
244.54
220
240
260
280
300
320
340
Au
g/1
5
Sep
/15
Oct/
15
No
v/1
5
Dec/1
5
Jan
/16
Feb
/16
Ma
r/1
6
Ap
r/1
6
Ma
y/1
6
Jun
/16
Jul/
16
Au
g/1
6
Sep
/16
Mo
nth
ly I
nd
ices
Quantum index of medium & large scale manufacturing industries (Base:2005-06=100)
Jul-Sep Jul-Sep
2015-16 2016-17
General 100.00% 238.70 244.54 250.24 268.46 2.45 7.28
Wearing apparel 34.84% 282.26 265.26 309.92 323.52 -6.02 4.39
Textile 14.07% 122.76 129.88 120.03 132.36 5.80 10.28
Food products 10.84% 408.81 340.28 392.95 367.04 -16.76 -6.59
Pharmaceuticals and medicinal chemical 8.23% 289.48 375.04 316.67 375.30 29.56 18.52
Non-metalic mineral products 7.12% 184.36 260.96 211.33 272.74 41.55 29.06
Leather and related products 4.40% 108.51 155.95 118.02 152.64 43.72 29.33
Chemicals and chemical products 3.67% 81.21 100.39 81.01 94.17 23.62 16.25
Basic metals 3.15% 176.62 176.75 194.73 178.88 0.07 -8.14
Tobacco products 2.92% 140.25 115.24 127.03 129.54 -17.83 1.98
Fabricated metal products except machinery 2.32% 175.03 215.25 191.19 224.08 22.98 17.20
Others* 8.44% 241.12 273.08 227.80 263.52 13.26 15.68
Source: Bangladesh Bureau of Statistics,
*Others means residual items.
Quantum index of medium and large-scale manufacturing industry (Base: 2005-06=100)
Major Industry Group Weight
Index Average Index Percentage change
Sep-15 Sep-16
Sep '16
over
Sep '15
Jul-Sep '16
over
Jul-Sep '15
13
10. Exports
Merchandise export in December 2016 increased by USD 0.21 billion or 7.17 percent to USD 3.11 billion from USD
2.90 billion in November 2016, according to EPB data which is also 7.82 percent lower than the target of 3.35 billion
for the said month.
Total merchandise export during July-December 2016 increased by USD 0.71 billion or 4.44 percent to USD 16.80
billion compared to USD 16.08 billion during July-December 2015. Actual performance of merchandise export
shipments during July-December 2016 was lower by 3.39 percent than the target of USD 17.37 billion.
Latest available data on category-wise breakdown of exports are shown in the next page.
2050
2300
2550
2800
3050
3300
3550
3800
Jul.
Au
g.
Sep
.
Oct.
No
v.
Dec.
Jan
.
Feb
.
Mar.
Ap
r.
May
Jun
.
(Mil
lio
n U
SD
)
Export performance: Value Trends
2016-17 2015-16
-15
-10
-5
0
5
10
15
20
25
30
Jul.
Au
g.
Sep
.
Oct.
No
v.
Dec.
Jan
.
Feb
.
Mar.
Ap
r.
May
Jun
.
Per
centa
ge
Export Growth (year-on-year)
2015-16 2016-17
A. Annual exports (US$ in million)
2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
22928.22 24301.90 27027.36 30186.62 31208.94 34257.18(+41.49) (+5.99) (+11.22) (+11.69) (+3.39) (+9.77)
B. Monthly exports
December 3204.073107.13
July-December
October
November
2712.83 2371.50
July
August
November
December
January
February
March
July-June
Month
April
May
June
Month
July
August
September
October
16798.1 16083.9
Export target is USD 37000.00 million for FY 2016-17.
Source : Export Promotion Bureau (EPB). P=Provisional; R=Revised.
Note: Figures in brackets indicate percentage changes over the corresponding period of the preceding year.
2749.342899.32
September
3303.50 2758.41
2016-17 2015-16
2534.31 2625.93
(+4.44) (+7.84)
1957.55
2417.43
2592.97
2014-152015-16
2625.93
2758.41
2374.65
2982.74
2159.50
2552.86
34257.18
(+9.77) (+3.39)
31208.94
2241.01 2374.65
2841.13
3064.56
3026.99
3592.97
2398.50
2831.42
2682.05
2371.50
2844.13
2885.15
2512.42
2749.34
3204.07
3185.63
2854.22
14
C. Category-wise breakdown of exports
Category-wise breakdown of exports shows that, during July-December, 2016 exports of raw jute (37.73%),
tea (33.01%), knitwear (5.93%), jute goods (5.89%), chemical products (2.99%), woven garments (2.87%), leather
(2.38%) and frozen food(2.03%) experienced a positive growth compared to that of the same period of the previous
year. On the other hand, agricultural products (18.05%) and engineering & electric goods (14.98%) experienced a
negative growth during July-December, 2016 compared to the same period of the previous year.
(US$ In million )
Particulars
Volume@ Value Volume
@ Value Volume@ Value Volume
@ Value
1. Raw Jute --- 103.24 --- 74.96 --- +28.28 --- +37.73
(In million Kg.)
2. Jute goods (excl.carpet) --- 369.33 --- 348.78 --- +20.55 --- +5.89
(In million Kg.)
3. Tea --- 1.37 --- 1.03 --- +0.34 --- +33.01
(In million Kg.)
4. Frozen food --- 291.56 --- 285.76 --- +5.80 --- +2.03
(In million Kg.)
5. Leather --- 135.16 --- 132.02 --- +3.14 --- +2.38
(In million Kg.)
6. Woven garments --- 6896.12 --- 6703.53 --- +192.59 --- +2.87
(In million Pcs.)
7. Knitwear --- 6813.58 --- 6432.05 --- +381.53 --- +5.93
(In million Pcs.)
8. Chemical products --- 66.84 --- 64.90 --- +1.94 --- +2.99
(In million Kg.)
of which (fertilizer)
9. Agricultural products* --- 73.27 --- 89.41 --- -16.14 --- -18.05
(In million Kg.)
10. Engin.& Electric goods --- 236.29 --- 277.92 --- -41.63 --- -14.98
11. Others** --- 1811.34 --- 1673.54 --- +137.80 --- +8.23
TOTAL --- 16798.10 --- 16083.90 --- +714.20 --- +4.44
Note:- @ Export volume is currently not avaiable, --- = Not available, * = Includes vegetables, fruits & tobacco, **Others = residual items.
Source : Export Promotion Bureau (EPB).
July-December, 2016 July-December, 2015
Changes during July-December, 2016
over July-December, 2015
In percentIn absolute amount
Woven
garments,
41.05%
Knitwear,
40.56%
Frozen food,
1.74%
Jute goods
(excl.carpet),
2.20%
Others,
14.45%
Category-wise share of total exports
(July-December, 2016)
Woven garments, 41.68%
Knitwear, 39.99%
Frozen food, 1.78%
Jute goods (excl.carpet),
2.17%Others, 14.39%
Category-wise share of total exports
(July-December, 2015)
15
11. Imports
a) Custom based import, import LCs settlement and LCs opening
Custom based import during July-November,
2016 stood significantly higher by USD 1.61
billion or 9.50 percent and stood at USD 18.62
billion against USD 17.00 billion during July-
November, 2015.
Settlement of import LCs during July-
November, 2016 increased by 14.58 percent and
stood at USD 19.02 billion against USD 16.60
billion during July-November, 2015.
Fresh opening of import LCs during July-
November, 2016 increased by 6.95 percent and
stood at USD 18.69 billion compared to USD
17.48 billion during July-November, 2015.
-30
-20
-10
0
10
20
30
40
Jul.
Au
g.
Sep
.
Oct.
No
v.
Dec.
Jan
.
Feb
.
Mar.
Ap
r.
May
Jun
.
Perc
en
tage
Growth of import
(year-on-year)
2015-16 2016-17
2013-14 2012-13 2013-14 2012-13 2013-14 2012-13
40616.40 37289.80 37188.84 32358.52 41818.56 35961.05
(+8.92) (+0.82) (+14.93) (-7.05) (+16.29) (-2.90)
Month 2015-16R 2014-15 2015-16 2014-15 2015-16 2014-15
July 2856.80 2556.10 3437.71 2964.69 3011.64 3655.65
August 3415.70 3458.80 3502.55 3461.55 3631.73 3475.02
September 3197.20 3733.00 2985.45 3369.85 3135.37 3704.30
October 3866.90 3304.00 3268.85 3145.15 3232.57 3142.60
November 3664.60 3059.20 3407.74 3259.60 4468.22 3760.76
December 3919.90 3444.80 3701.52 3390.64 3585.21 3547.28
January 3577.20 3268.80 3351.55 3037.47 3387.16 3501.47
February 3342.50 3202.00 3200.16 2807.87 3125.37 3257.30
March 3632.40 3404.10 3365.75 3351.97 3988.71 4262.45
April 3527.20 3835.50 3154.28 3179.16 3546.88 3518.94
May 4241.80 3899.20 3285.88 3205.56 3599.03 3682.60
June 3816.00 3538.20 3414.76 3281.73 4623.44 3560.39
July-June 43058.20 40703.70 40076.20 38455.24 43335.33 43068.76
(+5.78) (+0.21) (+4.22) (+3.41) (+0.62) (+2.99)
Month 2016-17P
2015-16R
2016-17P 2015-16 2016-17
P 2015-16
July 2941.50 2856.80 2804.36 3437.71 3097.80 3011.64
August 3796.60 3415.70 4353.94 3502.55 4203.03 3631.73
September 3531.30 3197.20 4451.61 2985.45 3471.54 3135.37
October 4124.70 3866.90 3530.65 3268.84 4119.23 3232.57
November 4221.60 3664.60 3882.78 3407.74 3801.95 4468.22
July-November 18615.70 17001.20 19023.35 16602.29 18693.54 17479.53
(+9.50) (+5.52) (+14.58) (+2.48) (+6.95) (-1.46)
Custom based import (c&f) Import LCs settlement Import LCs opening
P = Provisional. R= Revised.
(US$ in million)
R = Data has been revised upto September 2015 as per rivision by NBR.
Note:- 1. Figures in brackets indicate percentage changes over the corresponding period of the preceding year.
2. Customs based c&f data incorporated in MEI since February, 2015 onwards with the approval of competent authority.
Source: National Board of Revenue (NBR), Foreign Exchange Operations Department , NA=Not Available.
Month
…………………
………....FY
16
b) Sector-wise fresh opening, settlement and outstanding of import LCs
Latest available sector-wise comparative statistics of fresh opening, settlement and outstanding of import LCs
during July-November, 2016 and July-November, 2015 are shown below:
The developments of each sectoral share in total LCs opening during July-November, 2016 and July-November,
2015 are showing in the following pie charts.
Sector-wise detailed statistics of fresh opening, settlement and outstanding of import LCs during July-November, 2016
and July-November, 2015 are given as Appendix.
C) Projected data on opening of import LCs and probable liabilities against back to back LCs of
authorised dealer banks
Data on projection of opening of import LCs and probable liabilities of banks against back to back LCs sent by the
authorised dealer banks are USD 11.31 billion and USD 4.08 billion respectively during January-March, 2017.
Consumer
goods,
11.19% Intermediate
goods,
8.10%
Industrial raw
materials,
38.25%
Capital
machinery,
11.02%
Machinery for
misc. industry,
9.53%
Petroleum &
petro.products ,
5.94%
Others ,
15.96%
Sectoral sharing in LC Opening
(July-November, 2015)Consumer
goods,
13.15% Intermediate
goods,
8.46%
Industrial raw
materials,
35.29%Capital
machinery,
10.12%
Machinery for
misc. industry,
11.00%
Petroleum &
petro.products ,
5.62%
Others ,
16.35%
Sectoral sharing in LC Opening
(July-November, 2016)
(US$ in million)
Fresh LCs Settlement Fresh LCs Settlement Fresh LCs Settlement
opening of LCs opening of LCs opening of LCs
A. Consumer goods 2458.40 1965.83 2002.73 1955.91 1923.40 1668.35 +25.69 2.21 20.04
B. Intermediate goods 1581.66 1408.67 1764.54 1415.59 1428.51 1446.64 +11.73 -1.39 21.98
C. Industrial raw materials 6597.10 6727.87 5551.43 6686.74 6209.66 7348.71 -1.34 8.35 -24.46
D. Capital machinery 1892.64 2498.74 5199.21 1926.44 1382.03 5537.58 -1.75 80.80 -6.11
E. Machinery for misc. inds. 2056.06 2001.75 1765.69 1666.50 1866.01 2039.03 +23.38 7.27 -13.41
F. Petroleum & petro.prodts. 1050.96 1014.17 560.77 1038.81 1104.05 957.91 +1.17 -8.14 -41.46
G. Others 3056.71 3406.32 3305.23 2789.52 2688.63 3672.97 +9.58 26.69 -10.01
Total 18693.54 19023.34 20149.61 17479.53 16602.30 22671.18 +6.95 14.58 -11.12
of which back to back 3123.55 3024.70 2371.49 3024.91 2760.14 3194.97 +3.26 9.58 -25.77
Source: Foreign Exchange Operations Department, Bangladesh Bank. P=Provisional.
July-November, 2015
Sectors /
Commodities
July-November, 2016P
Outstanding
LCs at the
end period
Outstanding
LCs at the
end period
Outstanding
LCs at the
end period
Percentage changes during July-November,
2016 over July-November, 2015
(In million USD)
Probable liabilities of banks against back to back LCs
3738.35 1339.46
Source: All authorized dealer banks, compiled by Monetary Policy Department (MPD), Bangladesh Bank.
February'17
3823.38 1404.96
January-March, 2017 11306.69 4077.70
March'17
Month Opening of import LCs
3744.97 1333.28January'17
17
12. Workers’ remittances Annual and monthly trends of remittances
Receipt of workers’ remittances in December 2016
marginally increased by 0.77 percent and stood at USD 0.96
billion as compared to November 2016. However, it
decreased by 26.96 percent as compared to the same month
of the previous year. Total receipts of workers’ remittance
decreased by 17.64 percent during July-December, 2016
and stood at USD 6.17 billion as compared to the same
period of the previous fiscal year.
13. Foreign exchange holdings by Bangladesh Bank and commercial banks
(a) Gross foreign exchange reserves of Bangladesh Bank(BB) :
The gross foreign exchange reserves of BB stood at USD 32.10 billion (with ACU liability USD 0.98 billion) as of end
December 2016. That amount was sufficient to cover 8.4 months of import bills, up from USD 31.37 billion (with ACU
liability USD 0.49 billion) with cover for 8.4 months of import bills as on end November 2016.
(b) Gross foreign exchange balances held by Commercial Banks(CBs):
The gross foreign exchange balances held by commercial banks stood at USD 2.79 billion as of end December 2016 which
was lower than that of USD 2.95 billion of end November 2016. However, that was lower than the balance of USD 2.52
billion at the end December 2015.
` (US$ in million)
2012-13 2013-14 2014-15
14461.14 14228.32 15316.91
(+12.60) (-1.61) (+7.65)
Month 2015-16 2014-15
January 1150.63 1243.25
February 1136.27 1189.60
March 1285.58 1338.31
April 1191.15 1297.49
May 1214.46 1321.77
June 1465.88 1439.34
July-June 14931.16 15316.91
(-2.52) (+7.65)
Month 2016-17P
2015-16R
July 1005.51 1389.56
August 1183.60 1195.02
September 1056.64 1349.06
October 1010.97 1098.45
November 951.37 1142.48
December 958.73 1312.62
July-December 6166.82 7487.19
(-17.64) (+0.00)
Annual
Remittances
Note:- Figures in brackets indicate percentage changes over the same period
of the previous year. P=Provisional; R = Revised.
Source : Statistics Department, Bangladesh Bank.
Mo
nth
ly R
emit
tan
ces
900
1000
1100
1200
1300
1400
1500
1600
Jul.
Au
g.
Sep
.
Oct
.
No
v.
Dec
.
Jan
.
Feb
Mar
.
Ap
r.
May
Jun
.
(Millio
n U
SD
)
Monthly trends of workers' remittances
2015-16 2016-17
2.20
2.30
2.40
2.50
2.60
2.70
2.80
2.90
Oct.
15
No
v. 1
5
Dec
. 15
Jan
. 1
6
Feb
. 1
6
Mar.
16
Ap
r. 1
6
May
. 16
Jun
. 1
6
Jul.
16
Au
g.1
6
Sep
.16
Oct.
16
No
v.1
6
Dec.1
6
FX reserve held by CBs
17.0
19.0
21.0
23.0
25.0
27.0
29.0
31.0
33.0
35.0
7.0
7.3
7.6
7.9
8.2
8.5
8.8
FX reserves held by BB
Gross FX reserves in billion USD (LHS)
Reserve covers months of import (RHS)
(US$ in million)
2012-13 2013-14 2014-15
15315.23 15315.23 25025.25
(+47.77) (+40.44) (+63.40)
Month / Year 2015-16 2014-15
December 27493.31 22309.80
January 27138.91 22042.30
February 28058.56 23031.52
March 28265.93 23052.97
April 29106.26 24071.70
May 28802.90 23707.68
June 30168.22 25025.25
Month / Year 2016-17 2015-16
July 30039.29 25464.29
August 31165.06 26175.34
September 31385.87 26379.04
October 31895.31 27058.39
November 31370.88 26407.63
December 32092.19 27493.31
Source : Accounts & Budgeting Department, Bangladesh Bank.
A. Outstanding
stock at the end
of the year
B. Outstanding
stock at the end
of the month
18
14. Foreign aid
Total foreign aid disbursements during
July-December, 2016 decreased by USD
0.21 billion or 13.94 percent and stood at
USD 1.32 billion.
After principle repayment of USD 0.45
billion, the net receipt of foreign aid stood at
USD 0.88 billion during July-December,
2016 as compared to USD 1.09 billion of
the same period of the previous year.
Food Project Total Payment Food Project Total Payment
Aid Aid Aid (Principal) Aid Aid Aid (Principal)
Month
July 0.00 120.15 120.15 96.50 23.65 0.00 192.19 192.19 195.73 -3.54
August 0.00 132.02 132.02 97.50 34.52 0.00 192.07 192.07 41.38 150.69
September 6.46 223.76 230.22 44.03 186.19 9.64 216.03 225.67 85.84 139.83
October 0.00 258.48 258.48 69.19 189.29 0.00 155.11 155.11 68.62 86.49
November 0.00 192.17 192.17 75.79 116.38 0.00 230.72 230.72 79.62 151.10
December 6.15 599.50 605.65 69.90 535.75 10.08 648.81 658.89 67.11 591.79
January 0.00 216.23 216.23 82.12 134.11 0.00 240.23 240.23 73.08 167.14
February 0.00 242.96 242.96 40.50 202.46 0.00 94.39 94.39 42.45 51.93
March 12.56 556.94 569.50 77.26 492.24 5.20 327.97 333.17 78.87 254.30
April 0.00 120.71 120.71 80.59 40.12 0.00 160.38 160.38 67.09 93.29
May 0.00 248.82 248.82 69.30 179.52 0.00 243.90 243.90 66.83 177.07
June 6.74 506.32 513.06 64.53 448.53 12.60 362.94 375.54 38.32 337.22
July-June 31.91 3418.06 3449.97 867.20 2582.77 37.52 3064.74 3102.26 904.94 2197.32
(-14.95) (+11.53) (+11.21) (-4.17) (+17.54) (+22.49) (+6.09) (+6.27) (-16.92) (+20.06)
Month
July 0.00 128.28 128.28 89.60 38.68 0.00 120.15 120.15 96.50 23.65
August 0.00 158.23 158.23 45.18 113.05 0.00 132.02 132.02 97.50 34.52
September 8.44 212.84 221.28 85.41 135.87 6.46 223.76 230.22 44.03 186.19
October 0.00 239.82 239.82 79.00 160.82 0.00 258.48 258.48 69.19 189.29
November 0.00 158.68 158.68 71.88 86.81 0.00 192.17 192.17 75.79 116.38
December 5.22 412.66 417.88 75.95 341.93 6.15 599.50 605.65 69.90 535.75
July-December 13.66 1310.51 1324.17 447.02 877.15 12.61 1526.08 1538.69 452.91 1085.78
(+8.33) (-14.13) (-13.94) (-1.30) (-19.21) (-36.05) (-6.66) (-7.01) (-15.86) (-2.74)
Source : Bangladesh Bank & Ministry of Finance, P=Provisional; R = Revised
(US$ in million)
Net
Foreign
Aid
Net
Foreign
Aid
FY2015-16 FY2014-15
FY2016-17P FY2015-16
1324.17
1538.69
877.15
1085.78
10
160
310
460
610
760
910
1060
1210
1360
1510
1660
1810
July-December, 2016 July-December, 2015
(Mil
lion
US
D)
Foreign AidTotal Aid Net Aid
19
15. Exchange rate movements 2/
:
Bangladesh Taka has depreciated by 0.38 percent against US dollar at the end of December 2016 from its level
of end June 2016. Indian Rupee (INR) depreciated by 0.74 percent against US dollar as of end December 2016
compared to its level of end June 2016. Graphical presenatation of exchange rate of Bangladesh Taka (BDT)
and Indian Rupee (INR) against the US Dollar (USD) and BDT against the INR are shown below:
FY 2014-15 FY 2015-16
(Rupee/USD) (Rupee/USD)
Month Avg. Month End Month Avg. Month End Month End Month End
November 77.5149 77.7000 78.5274 78.9364 61.9736 66.8148
December 77.8563 77.9500 78.7794 78.5000 63.7498 66.3260
January 77.8726 77.8000 78.5008 78.5000 61.4998 67.8763
February 77.8000 77.8000 78.5517 78.4500 61.9395 68.6160
March 77.8000 77.8000 78.4130 78.4000 62.5908 66.3329
April 77.8000 77.8000 78.4000 78.4000 63.5780 66.5176
May 77.8000 77.8000 78.4000 78.4000 63.7615 67.2030
June 77.8000 77.8000 78.4000 78.4000 63.7549 67.6166
FY 2015-16 FY 2016-17
(Rupee/USD) (Rupee/USD)
Month Avg. Month End Month Avg. Month End Month End Month End
July 77.8007 77.8000 78.4000 78.4000 64.0061 67.0340
August 77.8000 77.8000 78.4000 78.4000 66.3062 66.9813
September 77.8008 77.8000 78.4000 78.4000 65.7418 66.7875
October 77.8215 77.9978 78.4010 78.4161 65.1515 66.8566
November 78.5274 78.9364 78.5417 78.7233 66.8148 68.5260
December 78.7794 78.5000 78.8030 78.7004 66.3260 68.1241
Source : Statistics Department & MPD.
FY 2015-16
(Taka/USD) (Taka/USD)
Note:- 2/ Exchange rate represents the mid-value of buying and selling rates.
Month
FY 2014-15
Month
FY 2015-16 FY 2016-17
(Taka/USD) (Taka/USD)
78.18
78.36
78.54
78.72
78.90
79.08
BD
T/ U
SD
BDT against USD
66.00
66.50
67.00
67.50
68.00
68.50
69.00
INR
/USD
INR against USD
1.14
1.15
1.16
1.17
1.18
1.19
01-0
6-16
08-0
6-16
15-0
6-16
22-0
6-16
29-0
6-16
13-0
7-16
19-0
7-16
26-0
7-16
02-0
8-16
09-0
8-16
17-0
8-16
24-0
8-16
01-0
9-16
08-0
9-16
21-0
9-16
27-0
9-16
04-1
0-16
13-1
0-16
20-1
0-16
27-1
0-16
03-1
1-16
10-1
1-16
17-1
1-16
24-1
1-16
01-1
2-16
08-1
2-16
18-1
2-16
26-1
2-16
02-0
1-17
09-0
1-17
16-0
1-17
23-0
1-17
30-0
1-17
TK
. /IN
R
BDT against INR
20
16. Balance of payments (BOP)
Trade balance recorded a deficit of USD 3.88 billion during July-November, 2016 as compared to the deficit of USD
3.16 billion during July-November, 2015. Current account balance continued with deficit during July-November
2016. Despite the current account deficit, financial account surplus of USD 2.90 billion contributed to a surplus of
USD 1.90 billion in overall balances during July-November, 2016. The deficit in current account of July-November,
2016 was mainly due to the rise in import payables along with the shortfall in the primary income and income from
the service sector.
(US$ in million)
Particulars July-November, 2016P
July-November, 2015R
Trade balance -3880 -3158
Exports f.o.b(including EPZ) 13346 12573
Imports f.o.b(including EPZ) 17226 15731
Services -1460 -1093
Credit 1423 1388
Debit 2883 2481
Primary income -832 -742
Credit 23 32
Debit 855 774
Of which:Official interest payment 149 160
Secondary income 5446 6329
Official transfers 15 11
Private transfers 5431 6318
of which : Workers' remittances ( current a/c. portion) 5124 6076
Current account balance -726 1336
Capital account 82 150
Capital transfers 82 150
Financial account 2901 1187
i) Foreign direct investment(net) 719 656
ii) Portfolio investment (net) 118 -3
of which : Workers' remittances ( financial a/c. portion) 118 99
iii) Other investment(net) 2064 534
Medium and long-term (MLT) loans 807 843
MLT amortization payments 371 365
Other long-term loans (net) -143 -102
Other short-term loans (net) 703 134
Trade credit (net) 843 324
DMBs & NBDCs(net) 225 -300
Assets -456 -24
Liabilities -231 -324
Errors and omissions -354 -629
Overall balance 1903 2044
Reserve assets -1903 -2044
Bangladesh Bank(net) -1903 -2044
Assets 1413 1642
Liabilities -490 -402
Note:- Both of exports and imports are compiled on the basis of customs data. P=Provisional; R = Revised.
Source : Statistics Department, Bangladesh Bank.
21
17. Public finance a) Government tax revenue collections
Total tax revenue collection (NBR & non-NBR) during July-October 2016 stood at Taka 51670.47 crore which was higher
by Taka 7518.21 crore or 17.03 percent against the collection of Taka 44152.27 crore during July-October 2015.
NBR tax revenue collection stood at Taka 49874.68 crore which was higher by Taka 6137.61 crore or 14.03 percent as
compared to the target set by NBR of Taka 43737.07 crore during July-October, 2016. However, this collection was 17.77
percent higher as compared to that of the same period of the previous year.
Target for NBR tax revenue collection is Taka 2,03,152.00 crore for FY17
Note:- Figures in brackets indicate the target of revenue collection.
Total Tax Total Tax
Customs Income Revenue Customs Income Revenue
duties Tax Collections duties Tax Collections
1 2 3 4 5=(1+..+4) 6 7=(5+6) 1 2 3 4 5=(1+..+4) 6 7=(5+6)
July 1122.01 3528.60 2459.71 1617.74 8728.06 376.09 9104.15 1030.75 3594.43 1995.34 1321.06 7941.58 345.18 8286.76
August 1261.38 3780.11 2634.03 1952.19 9627.71 610.69 10238.40 1261.00 3576.30 2124.39 1741.88 8703.57 372.20 9075.77
September 1382.36 4835.24 4432.91 2109.32 12759.83 408.38 13168.21 1311.14 3923.21 3807.66 2024.90 11066.91 380.55 11447.46
October 1309.26 4394.23 3307.76 2223.82 11235.07 406.43 11641.50 1034.50 3805.61 3190.48 1697.08 9727.67 309.07 10036.74
November 1569.71 4985.84 3138.55 2820.29 12514.39 462.98 12977.37 1154.11 3870.47 2682.63 1756.95 9464.16 380.04 9844.20
December 1593.82 4488.25 4610.99 2531.17 13224.23 486.57 13710.80 1224.09 4172.53 3808.03 1873.91 11078.56 413.82 11492.38
January 1490.70 4328.79 3447.14 2618.11 11884.74 424.56 12309.30 1184.19 4053.66 2848.94 2320.04 10406.83 398.80 10805.63
February 1483.99 4174.79 3247.01 2485.55 11391.34 425.24 11816.58 1154.04 3845.08 3086.94 2000.58 10086.64 358.88 10445.52
March 1660.76 4680.54 5217.03 2514.77 14073.10 465.53 14538.63 1247.53 4518.21 4827.60 1890.38 12483.72 413.10 12896.82
April 1447.16 4516.18 5348.65 2593.77 13905.76 478.24 14384.00 1418.20 4851.94 3777.81 2122.03 12169.98 427.62 12597.60
May 1833.02 5715.28 4093.18 2711.74 14353.22 518.83 14872.05 1646.02 5309.35 4038.35 2318.22 13311.94 454.84 13766.78
June 1862.41 6018.83 11389.00 2551.03 21821.27 578.92 22400.19 1684.28 4459.81 11289.23 1825.82 19259.14 567.47 19826.61
18016.58 55446.68 53325.96 28729.50 155518.72 5642.46 161161.18 15349.85 49980.60 47477.40 22892.85 135700.70 4821.57 140522.27
(+14.60) (+17.03) (+14.69) (+12.32) (+4.53) (+12.03)
July 1242.47 3862.23 2683.49 1805.95 9594.14 417.46 10011.60 1122.01 3528.60 2459.71 1617.74 8728.06 376.09 9104.15
August 1737.32 5074.41 2861.17 2754.57 12427.47 523.38 12950.85 1261.38 3780.11 2634.03 1952.19 9627.71 610.69 10238.40
September 1443.81 4999.08 5146.28 2824.75 14413.92 373.37 14787.29 1382.36 4835.24 5146.28 1395.95 12759.83 408.38 13168.21
October 1567.22 5264.70 3710.38 2896.85 13439.15 481.58 13920.73 1309.26 4394.23 3307.76 2223.82 11235.07 406.43 11641.50
July-October 5990.82 19200.42 14401.32 10282.12 49874.68 1795.79 51670.47 5075.01 16538.18 13547.78 7189.70 42350.67 1801.60 44152.27
(+17.77) (-0.32) (+17.03) (+13.12) (+28.05) (+13.66)
Source: National Board of Revenue and Office of the Controller General of Accounts . P=Provisional, R=Revised; *=include supplementary duties & travel tax. --- = Not Available.
July-June
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year. Non-NBR tax revenue includes narcotics & liquor duty, taxes on vehicles, land
revenue and stamp duty(non judicial).
2016-17P
2015-16R
103332.00
(Taka in crore)
Annual tax revenue collections 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015
135700.70120819.86
(61000.00) (75600.00) (92370.00)
NBR Tax Revenue 62042.16 79403.11 95058.99
others*
(130178.00)(96285.00) (116824.00)
VAT
Non-NBR
Tax
Revenue
NBR Tax Revenue Non-NBR
Tax
Revenue
(112259.00)
(Taka in crore)
NBR Tax Revenue
Total VAT others* Total
3229.36 3631.58
(4565.00)
Non-NBR Tax Revenue 2848.00
140522.27
(140676.00)
107452.00
(79052.00)(63956.00)
Total Tax Revenue 64890.16 82632.47
(135028.00)
4821.57
(5648.00)
2015-16 2014-15
98690.57
(125000.00)
4612.64
(5178.00)
125432.50
4120.00
(2956.00) (3452.00) (3915.00)
-16
-8
0
8
16
24
32
40
48
56
64
Sep
.15
Oct.
15
No
v.1
5
Dec.1
5
Jan
.16
Feb
.16
Mar.
16
Ap
r.1
6
May
16
Jun
16
Jul 1
6
Au
g 1
6
Sep
16
Oct 1
6
Per
centa
ge
Growth of total tax revenue collection (year-on-year)
NBR Non-NBR Total
5
9
13
17
21
25
29
33
Jul.
Au
g.
Sep
.
Oct
.
Nov.
Dec
.
Jan.
Feb
.
Mar
.
Ap
r.
May
Jun.
Per
cen
tage
Growth of NBR tax revenue
2016-17 2015-16
22
b) Sale and repayment of National Savings Certificates (NSC)
The sale of National Savings Certificates (NSC) during
July-November, 2016 stood at Taka 28861.69 crore
which was 49.62 percent higher than the amount of sale
during July-November, 2015. The net borrowing of the
government through NSC during July-November, 2016
was Taka 20319.54 crore against Taka 11325.86 crore
of July-November, 2015.
The outstanding borrowing of the government through
NSC as of end November 2016 stood at Taka
159138.28 crore which was 36.65 percent higher than
that of the previous year.
1600
2150
2700
3250
3800
4350
4900
Jul.
Au
g.
Sep
.
Oct.
No
v.
Dec.
Jan
.
Feb
.
Mar.
Ap
r.
May
Jun
.
(Ta
ka
in c
rore
)
Monthly net sale of NSC
2016-17 2015-16
(Taka in crore)
Repayment Outstanding at
(Principal) the end of the year
(1) (2) (3) 4=(2-3) (5)
18955.35 18476.33 479.02 63917.34
22553.93
12602.29
13927.13
(Taka in crore)
Repayment Repayment
(Principal) (Principal)
July 3236.40 1260.12 1976.28 107106.42 2727.43 869.74 1857.69 78255.17
August 4524.42 1873.51 2650.91 109757.33 3544.42 1073.62 2470.80 80725.97
September 3436.03 1382.23 2053.80 111811.13 3583.70 1091.18 2492.52 83218.49
October 4061.46 1708.75 2352.71 114163.84 3331.37 1074.76 2256.61 85475.10
November 4031.68 1739.52 2292.16 116456.00 3234.86 1070.47 2164.40 87639.50
December 3734.30 1754.57 1979.73 118435.73 2949.22 1055.72 1893.50 89533.00
January 5069.06 1771.68 3297.38 121733.11 3574.17 970.73 2603.44 92136.44
February 4973.90 1686.33 3287.57 125020.69 3588.31 1044.11 2544.20 94680.64
March 5121.42 1823.71 3297.71 128318.40 4330.71 1429.77 2900.94 97581.58
April 4919.52 1620.06 3299.46 131617.86 4297.36 1352.95 2944.41 100525.99
May 5294.97 1689.91 3605.06 135222.91 3907.07 1473.12 2433.95 102959.94
June 5309.29 1713.47 3595.83 138818.74 3591.17 1420.97 2170.20 105130.14
53712.45 20023.85 33688.60 138818.74 42659.79 13927.13 28732.66 105130.14
(+25.91) (+43.78) (+32.04) (+75.49) (+10.51) (+37.61)
July 4932.05 1433.68 3498.37 142317.11 3236.40 1260.12 1976.28 107106.42
August 6327.61 2030.40 4297.21 146614.32 4524.42 1873.51 2650.91 109757.33
September 5390.50 1535.99 3854.50 150468.82 3436.03 1382.23 2053.80 111811.13
October 6104.91 1838.31 4266.61 154735.43 4061.46 1708.75 2352.71 114163.84
November 6106.62 1703.76 4402.85 159138.28 4031.68 1739.52 2292.16 116456.00
July-November 28861.69 8542.15 20319.54 159138.28 19289.99 7964.13 11325.86 116456.00
(+49.62) (+7.26) (+79.41) (+36.65) (-71.05) (-90.84) (-84.51) (+32.88)
Note:- Figures in brackets indicate percentage changes over the corresponding period of the preceding year.
Sale Net saleFY
Sale
2011-12
2012-1364690.1823326.77 772.84
Net saleOutstanding at
the end period
28732.66 105130.14
2013-1424309.59 11707.30 76397.48
Months Net sale SaleOutstanding at
the end period
2014-15 42659.79
2015-16 2014-15
Target for net sale of NSC is Taka 19,610.00 crore for FY 2016-17.
Source:- National Savings Directorate.
July-June
2016-17 2015-16
23
c) Budget financing
Government’s budget financing from domestic sources stood higher at Taka 132.85 billion during July-November,
2016 as compared to that of Taka 101.06 billion of July-November, 2015. Net foreign financing stood at Taka 41.98
billion in the period under review. Therefore, the total budget financing of the government during July-November,
2016 stood higher at Taka 174.83 billion against Taka 143.93 billion during July-November, 2015. However, Govt.
borrowing from the banking system fell short from govt.’s repayment and as such net borrowing stood negative at
Taka 80.86 billion during July-November, 2016. While, government borrowing from the non-banking sources stood
markedly higher at Taka 213.71 billion during July-November, 2016 as compared to that of July-November, 2015.
The total budget financing during July-November, 2016 stood at 0.89 percent of projected GDP against 4.70 percent
(overall deficit, including grants) as envisaged in the national budget for FY17.
18. Food situations
Imports for rice and wheat were higher at 25.23 lakh metric tons during July-November 2016 than 18.68 lakh
metric tons during July-November 2015. Imports and procurement combined during July-November 2016 was also
higher than that of July-November 2015. However, public food distribution of rice and wheat during July-
November 2016 was of 9.73 lakh metric tons, which was 4.86 lakh metric tons during July-November 2015.
Outstanding food stock was 7.47 lakh metric tons during July-November 2016, which was lower by 54.64 percent
as compared to that of July-November 2015.
Net Food grain Imports Public Public Foodgrain
Year Production Domestic Govt. & Private Domestic Distribution Stock Public
Target Production* food aid Procurement (End June)
FY2010-11 360.65 22.04 35.00 4.62 22.91 8.87
FY2011-12 357.25 10.50 12.40 14.26 20.95 12.48
FY2012-13 354.66 4.72 14.18 14.06 20.87 14.97
FY2013-14 358.81 8.56 21.37 14.34 22.20 11.53
FY2014-15 360.50 3.34 49.40 16.76 18.38 12.86
FY2015-16R 364.24 3.31 42.06 12.32 20.64 8.56
FY2016-17T
365.17R 5.00 40.00 17.00 27.80 12.96
1. Imports (Rice & Wheat)
2. Procurement (Rice & Wheat)B
3. Distribution (Rice & Wheat)
4. Food Stock
Source : Bangladesh Food Situation Report, FPMU, Ministry of Food & Disaster Management,Govt. of the Peoples Republic of Bangladesh.
Note : T = Target, P = Provisional, R = Revised, B = Boro. ---- = Data not avaiable.
*= After 10% deduction for FY 11 onwards for seed, feed, waste etc.
** Only for Aus and Aman
10.21 10.70
9.73 4.86
7.47 16.47
25.23 18.68
360.58 324.52 52.74
358.80 322.92 45.37
Particulars July-November, 2016P July-November, 2015
---- ---- 45.00
350.88 315.79 18.90
356.56 320.90 29.93
345.13 310.62 57.04
348.20 313.38 22.90
(In lakh metric ton)
Actual
Domestic Production Total
(Gross)
(Taka in crore)
Year
Net borrowing
of the Govt.
from the
banking system 1/
Net non-
bank borrowing
of the Govt.
from the public 2/
Total domestic
financing
Net foreign
financing 3/ Total financing
Total
financing as %
of GDP@
at
current market
price
Outstanding
Domestic debt
(end period)
Outstanding
domestic debt
as % of GDP@
at current
market price
1 2 3 4=(2+3) 5 6=(4+5) 7 8 9
2009-2010 -4376.00 12256.14 7880.14 10218.86 18099.00 2.27 116823.84 14.65
2010-2011 19175.90 3012.93 22397.03 7470.44 29867.47 3.26 139220.87 15.20
2011-2012 18784.20 2241.10 21025.30 9714.35 30739.65 2.91 160423.25 15.20
2012-2013 17873.00 7724.86 25597.86 15080.19 40678.05 3.39 181183.96 15.11
2013-2014 6627.80 15351.72 21979.52 14224.04 36203.56 2.69 203163.48 15.12
2014-2015R -7370.70 34723.57 27352.87 17067.58 44420.45 2.93 230516.35 15.23
2015-2016P 4326.60 34166.55 38493.15 20213.70 58706.85 3.39 269009.50 15.55
July-November, 2015R -1212.50 11318.56 10106.06 4287.13 14393.19 0.83 240622.41 13.91
July-November, 2016P -8086.00 21371.07 13285.07 4197.65 17482.73 0.89 282294.57 14.40
Source: Bangladesh Bank & Ministry of Finance. P=Provisional ; R=Revised, 1/: Excludes interest, 2/: Excludes saving certificates held by the banks and includes
treasury bills & bonds held by the non-bank financial institutions through secondary auctions, T.bills & bonds have been taken at face value.
3/: Total aid disbursement less amortization payment, @
: nominal GDP (base 2005-06=100) has been used.
24
APPENDIX
Break-up of fresh opening, settlement and outstanding of import LCs
Fresh LCs Settlement Fresh LCs Settlement Fresh LCs Settlement
opening of LCs opening of LCs opening of LCs
A. Consumer goods 2458.40 1965.83 2002.73 1955.91 1923.40 1668.35 502.49 42.42 334.37
Rice and wheat 615.19 477.74 399.34 546.42 561.54 329.54 68.77 -83.80 69.80
Sugar and salt 380.89 253.07 510.60 243.36 297.58 408.36 137.53 -44.50 102.24
Milk food 108.85 83.67 88.67 80.63 91.99 88.01 28.22 -8.32 0.66
Edible oil (refined) 355.49 327.84 345.93 291.30 276.45 300.79 64.19 51.39 45.14
All kinds of fruits 126.47 89.04 49.67 103.05 84.93 35.08 23.42 4.10 14.59
Pulses 242.53 163.37 193.94 144.77 90.78 172.63 97.76 72.59 21.31
Onion 86.90 82.28 32.75 142.46 125.72 41.47 -55.56 -43.44 -8.72
Spices 69.38 68.27 25.40 45.49 53.29 19.33 23.89 14.98 6.07
Second hand clothings 0.15 1.56 43.24 0.77 2.99 2.11 -0.62 -1.43 41.14
Drugs and medicines(finished) 40.07 29.76 24.93 35.14 25.02 26.06 4.93 4.74 -1.13
Others 432.49 389.23 288.25 322.52 313.11 244.97 109.97 76.11 43.28
B. Intermediate goods 1581.66 1408.67 1764.54 1415.59 1428.51 1446.64 166.07 -19.85 317.90
Coal 85.71 69.05 64.96 106.83 107.05 94.75 -21.12 -38.00 -29.78
Cement 5.40 6.78 8.96 4.53 4.22 6.34 0.87 2.56 2.62
Clinker & limestone 230.40 238.23 194.27 195.69 227.29 174.11 34.71 10.94 20.16
B. P. sheet 120.87 115.87 175.50 112.65 132.84 177.45 8.22 -16.97 -1.95
Tin plate 4.38 2.96 5.17 6.32 7.34 3.44 -1.94 -4.39 1.73
Scrap Vessels 267.41 299.06 367.82 246.29 294.69 333.50 21.11 4.36 34.33
Iron and steel scrap 295.27 238.46 355.40 246.20 219.15 205.72 49.07 19.31 149.68
Non-ferrous metal 102.43 96.19 100.42 113.98 98.03 92.12 -11.55 -1.84 8.30
Paper and paper board 162.31 128.56 148.50 141.00 129.95 152.04 21.31 -1.39 -3.54
Others 307.48 213.52 343.53 242.10 207.95 207.17 65.38 5.57 136.36
C. Industrial raw materials 6597.10 6727.87 5551.43 6686.74 6209.66 7348.71 -89.64 518.20 -1797.28
Edible oil (Crude) & oil seeds 413.80 409.11 589.39 631.92 445.58 715.52 -218.12 -36.47 -126.12
Textile fabrics (B/B & others) 2863.59 2730.31 2003.80 2805.71 2524.74 2857.33 57.88 205.57 -853.53
Pharmaceutical raw materials 259.09 228.87 137.80 216.62 220.97 118.75 42.47 7.90 19.04
Raw cotton 776.32 972.41 816.14 794.05 795.74 1018.32 -17.73 176.67 -202.17
Cotton yarn 465.21 502.23 376.19 424.24 431.63 486.50 40.97 70.60 -110.31
Copra 1.55 2.24 2.37 4.06 3.22 1.63 -2.51 -0.98 0.74
Synthetic fibre & yarn 282.68 281.15 241.27 269.04 268.48 300.62 13.64 12.66 -59.35
Chemicals & chem. products 1534.86 1601.55 1384.47 1541.11 1519.31 1850.04 -6.25 82.24 -465.58
(continued on page-25)
(US$ in million )
July-November, 2016P July-November, 2015
Changes during July-November, 2016
over July-November, 2015
Sectors / Commodities
Outstanding
LCs at the end
period
Outstanding
LCs at the
end period
Outstanding
LCs at the
end period
25
APPENDIX
Break-up of fresh opening, settlement and outstanding of import LCs
Comments and suggestions may be sent to:
[email protected] [email protected] [email protected]
Fresh LCs Settlement Fresh LCs Settlement Fresh LCs Settlement
opening of LCs opening of LCs opening of LCs
D. Capital machinery 1892.64 2498.74 5199.21 1926.44 1382.03 5537.58 -33.80 +1116.72 -338.36
Textile machinery 241.74 268.39 576.89 254.25 171.10 540.96 -12.50 +97.28 +35.94
Leather / tannery 5.60 14.48 33.11 12.92 2.44 14.23 -7.32 +12.04 +18.88
Jute industry 0.60 11.40 4.24 0.81 3.18 5.22 -0.22 +8.22 -0.98
Garment industry 317.43 303.85 606.18 279.97 208.28 601.52 +37.46 +95.57 +4.66
Pharmaceutical industry 73.99 45.64 90.72 37.96 31.37 51.10 +36.03 +14.27 +39.61
Packing industry 4.92 7.38 12.24 8.15 4.34 9.38 -3.23 +3.04 +2.86
Other industry 1248.37 1847.61 3875.84 1332.38 961.31 4315.18 -84.02 +886.29 -439.34
E. Machinery for misc. inds. 2056.06 2001.75 1765.69 1666.50 1866.01 2039.03 +389.56 +135.74 -273.34
Other machineries 336.58 316.98 312.14 282.21 311.44 406.72 +54.37 +5.54 -94.57
Marine diesel engine 5.23 9.43 46.07 7.42 8.69 65.25 -2.19 +0.74 -19.18
Computer & its accessories 146.55 159.71 90.84 147.24 143.84 107.84 -0.69 +15.87 -17.00
Motor vehicle & motorcycle parts 55.57 40.26 36.06 52.85 53.75 29.71 +2.72 -13.49 +6.35
Bicycle parts 32.51 23.30 25.24 24.94 19.36 18.03 +7.57 +3.94 +7.21
Other iron and steel products 225.92 220.11 201.43 146.79 172.59 215.49 +79.13 +47.52 -14.06
Motor vehicles 443.27 375.97 230.64 341.19 333.42 179.86 +102.07 +42.55 +50.78
Other electronics components 87.53 61.94 92.97 66.16 58.46 84.79 +21.37 +3.48 +8.18
Tractors & power tiller 39.08 35.54 21.81 46.40 32.52 32.48 -7.33 +3.02 -10.67
Others 683.83 758.51 708.49 551.30 731.93 898.86 +132.53 +26.58 -190.37
F. Petroleum & petro.prodts. 1050.96 1014.17 560.77 1038.81 1104.05 957.91 +12.15 -89.88 -397.13
Crude 163.32 82.00 187.75 180.11 302.76 377.62 -16.79 -220.76 -189.87
Refined 887.65 932.17 373.02 858.71 801.29 580.29 +28.94 +130.88 -207.27
G. Others 3056.71 3406.32 3305.23 2789.52 2688.63 3672.97 +267.19 +717.69 -367.74
Commercial sector 1409.53 1994.72 1807.12 1102.54 1377.12 2313.43 +306.99 +617.60 -506.32
Industrial sector 1647.18 1411.60 1498.12 1686.98 1311.51 1359.53 -39.80 +100.09 +138.58
Total 18693.54 19023.34 20149.61 17479.53 16602.30 22671.18 +1214.01 +2421.05 -2521.57
of which back to back 3123.55 3024.70 2371.49 3024.91 2760.14 3194.97 +98.64 +264.56 -823.49
Source: Foreign Exchange Operations Department(FEOD), Bangladesh Bank.
Sectors / Commodities
(US$ in million )
Changes during July-November, 2016
over July-November, 2015July-November, 2016P July-November, 2015
Outstanding
LCs at the
end period
Outstanding
LCs at the
end period
Outstanding
LCs at the
end period
